Lahore—Pak economy has so far suffered
irreparable loss of $68 billion directly and
indirectly due to turmoil in Afghanistan.
Speaking as a chief guest at a seminar on “The
Role of Economy Towards Survival of the Country”
in connection Pakistan Day here, founder
chairman Pak-US Business Council and VP SAARC
CCI Iftikhar Ali Malik said it is on record that
Pakistan is the only country in the world which
has not only suffered tremendous economic loss
but also huge human loss in the war against
terrorism.
Geneva—International Monetary Fund Managing
Director Dominique Strauss-Kahn said the
situation in the world economy is “dire” and
raised the specter of “a wasteland of
unemployment” unless more action is taken.
Speaking at the International Labour
Organization in Geneva, Strauss-Kahn said the
crisis threatens to cast millions back into
poverty, risking social unrest and even wars.
Islamabad—In upholding the government decision
to celebrate 2009 as the “Environment Year” the
Pakistan Telecommunication Company Limited (PTCL)
has embarked on introducing a new billing format
for its customers, whereby the multiple page
bills would be substituted by a single page with
all the essential details.
Dubai—Islamic Insurance will stay focused on
developing its affiliated firms in Pakistan and
Syria besides increasing its market share in the
local market, company chairman Sheikh Abdullah
bin Thani al-Thani has said. “We are actively
pursuing a three-year strategic plan until 2012
to develop our portfolios,” he said at the
company’s ordinary general assembly meeting
yesterday. Sheikh Abdullah said Islamic
Insurance generated a gross premium income of
QR168mn last year compared with QR159.4mn in
2007. Net profit earned by the company last year
was QR84.6mn. Earnings per share (EPS) stood at
QR4.57.
Abu Dhabi—Friends of Democratic Pakistan meeting
will be held in the UAE in the first week of
April 2009, said Pakistan’s Ambassador at Large,
Javed Malik, who is assigned as a Special Envoy
of the Friends of Democratic Pakistan Group.
This will be part of the preparatory meetings
leading up to the Ministerial level talks that
will take place in Tokyo on 17th April 2009.
